Thursday, April 29, 2010

Customer growth boosts Comcast sales, earnings

Comcast can thank a rise in Internet and voice customers and a rebound in ad spending for helping sales and earnings grow higher than expected in the first quarter of 2010.

On Wednesday, the cable company reported a net profit of $866 million, or 31 cents a share, for the quarter ended March, a 12 percent rise from the $772 million earned in the year-ago quarter. Sales climbed 3.8 percent to reach $9.2 billion.